The 128-unit residential community was completed in 2005 and is comprised of one 6.39-acre parcel with seven buildings.

The seller was Invesco Real Estate.

E&S Ring Management Corporation, which manages other JB Matteson multi-family assets, will provide the local property management services, according to a news release.

"Park Central is in line with our investment strategy focused on properties built in the 2000s or newer, with 100 units or greater, located in vibrant West Coast markets with strong employment drivers and demographic characteristics," said John Bellack, president of JB Matteson, Inc. in a news release. "It represents the high end of the market in Upland, with only one new community of significant size projected to come into the market near term."

The complex has a mix of one, two and three-bedroom apartments ranging from 759 square-feet to 1,196-square-feet.

There are 64 carports on side as well as 66 detached garage spaces and 185 open parking spaces, according to the news release.

Some units have vaulted ceiling areas and fireplaces. All apartments have nine-foot ceilings, modern appliances, washers and dryers as well as walk-in closets.

Every apartment has a private patio or balcony.

The property will be repainted and receive new appliances. Common areas will be refurbished.